Tag: Sprint

SoftBank makes aggressive investment in Sprint – short term dilution but long term strategic move | M&A | Stock Market

One of Japan’s largest wireless carriers, SoftBank Corp is spending $20.1 billion to gain a foothold in one of the world’s biggest and most lucrative mobile markets. SoftBank Corp., Japan’s third-largest carrier, is taking a 70% stake in struggling U.S. carrier Sprint Nextel Corp. It would mark the largest-ever overseas acquisition by a Japanese company. Softbank Corp.’s $20 billion takeover…